LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 54.9 is certain.

Caution: A possible change in the direction of resistance at 56.55 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Matching Low’ candle chart pattern is existing. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

56.55 – 56.48 – 55.88 – 54.9 – 54.76 – 54.67 —
55.890000000 – 56.230000000 —
51.114507648433 – 63.976917453113 —
– —
56.55 – 1776870000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –